this post was submitted on 01 Mar 2024

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Senator Bernie Sanders Report Warns Nearly Half of Older Americans 'Have No Retirement Savings' (www.commondreams.org)

submitted 2 years ago by return2ozma@lemmy.world to c/news@lemmy.world

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[–] WarmSoda@lemm.ee 23 points 2 years ago (5 children)

I put money into my 401k for decades only to find out I had enough to cover two months of rent. Shits fucked.

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[–] protist@mander.xyz 63 points 2 years ago (38 children)

Were you putting in a nickel per paycheck? The market has killed it over the last 30 years, even with a relatively low contribution, if you contributed consistently for 30 years you should have way more than that

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[–] grue@lemmy.world 23 points 2 years ago (1 child)

Did you fuck up and leave it all in the cash-equivalent fund instead of actually investing it?

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